BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.17 and traded as high as $12.40. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.3850, with a volume of 57,670 shares.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

The firm’s 50-day simple moving average is $12.26 and its 200 day simple moving average is $12.17.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.054 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter worth about $60,000. Elyxium Wealth LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at $69,000. Nomura Holdings Inc. acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at $110,000. Sanctuary Advisors LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund during the first quarter valued at $124,000. Finally, Green Ridge Wealth Planning LLC purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter worth about $133,000. 15.13% of the stock is owned by institutional investors and hedge funds.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund (NYSE: MUJ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state’s credit profile.

The fund’s portfolio is actively managed by BlackRock’s municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey’s diverse municipal marketplace.